oil production
17 Mar
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions.
10 Mar
The Chief Technical Officer of Huawei for South Africa, Matamela Aubrey Mashau, has said cutting-edge technology and Artificial Intelligence (AI) can help Nigeria and other oil and gas producing nations around the world increase oil production, efficiently manage energy transition and rapidly recover from the economic impact of the COVID-19 pandemic.
8 Feb
Total Energies and its partners have announced the start of production from the Akpo West field on the PML2 license in Nigeria.
17 Jan
Niger State is poised to become a major agricultural powerhouse in Nigeria, thanks to a $25 million expansion strategy unveiled by the PJS Group for 2024. This ambitious plan builds upon the group's existing investments in the state, which have already significantly boosted the local economy and created numerous jobs. Governor Umaru Bago's Food Security…
12 Jan
Movement for the Survival of Ogoni People (MOSOP) has said that the commencement of oil production in Ogoni would trigger its development proposals that require commitment to invest proportion of resources extracted from the land into infrastructure development.
21 Nov
Nigeria and other oil and gas-producing countries in Africa may face serious economic problems in 2024 as the African Energy Chamber (AEC) projects a drastic reduction in the continent’s crude oil production.
31 Oct
Nigeria’s wobbling oil production could get better if moves by oil operators, especially in the upstream segment, in collaboration with the National Assembly, yield results.
14 Oct
Although Nigeria’s oil production remains dismal at 1.3 million barrels per day amidst theft and vandalism, Nigerian Upstream Regulatory Commission (NUPRC), yesterday, said the production would hit two million barrels by the end of this year.
30 Aug 2023
Although about $490 billion is being invested this year to boost crude oil production and plug the supply gap, there are indications that supply shortfall may persist.
17 Aug 2023
To reduce the pressure of foreign exchange (FX) and other economic challenges associated with it, the Nigeria Employers' Consultative Association (NECA) has urged the Federal Government, as a matter of urgency, to ramp up the production of crude oil to, at least, Organisation of the Petroleum Exporting Countries (OPEC)’ the 1.8 million barrel per day quota.
14 Jun 2023
Nigeria’s oil production edged slightly, last month, to regain its leading position in Africa, while, yesterday, the Organisation of Petroleum Exporting Countries (OPEC) pegged the country’s oil production in May at 1.2 million barrels.